A litigation funder has reaped $7.5 million from the sale of a 20 per cent stake in a shareholder class action against the Commonwealth Bank of Australia over the bank’s allegedly lax money laundering compliance.
Channel Seven has asked the Federal Court to terminate a Test cricket and Big Bash League broadcast agreement with Cricket Australia due to alleged contract breaches.
A judge has indicated he will allow the operator of Sydney’s Lane Cove Tunnel to amend its pleadings in a lawsuit against Thiess, John Holland and CIMIC over alleged defects in the construction of the billion-dollar tunnel.
In its first decision applying a landmark High Court judgment redefining the test for when a worker is employed, the Federal Court has found a sessional lecturer for a higher education institution was an employee.
The man behind the Stock Swami Twitter account is flying to Sydney for cross-examination after a judge halted a trial in mining investor Tolga Kumova’s defamation case, saying he had “no confidence whatsoever” the Twitter user complied with discovery obligations.
Australia’s oldest thoroughbred auctioneer William Inglis & Son waived legal professional privilege over advice from its solicitor Norton Rose Fulbright over contamination of land it bought in 2009, a judge has found.
A litigation funder facing a lawsuit by the lead applicant in a settled class action it financed has won its bid to transfer the case to the Federal Court, where the class action was heard, after a judge said it was the “natural forum” for the dispute.
Tiwi islanders in a Federal Court challenge to the Barossa offshore gas project have won an expedited trial, but the case won’t be heard before drilling starts in mid-July.
A judge has halted a defamation trial in a case brought by mining investor Tolga Kumova after saying he had “no confidence whatsoever” that the owner of Twitter account Stock Swami complied with discovery obligations.
ASIC has won an appeal of a judge’s decision that found Gold Coast-based payday lenders Cigno and BHF did not need a licence to issue loans to hundreds of thousands of consumers.